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Audiophile Records purchases CDs at a cost of $ 1 2 each. Operating expenses of the business are 2 5 % of the cost and

Audiophile Records purchases CDs at a cost of $

12

each. Operating expenses of the business are

25 %

of the cost and the international owner requires a profit of

15 %

of cost

.

How much is the markup on the CDs

?

What is the selling price?

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